SIRI Monthly Thread August 2015

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08-12-2015, 05:03 PM
dm_4

Quote:

Originally Posted by denco1

Just a silly comment....didn't actually think he was. $3 calls sounds more like it to me......though a $4 short for a quick trade would have made some dough....not my style though. As soon as I get the balls to short it they'll rip my face off and i'll curl up into a ball in the corner of my office....:(.....after I puke in the can:puke:

I think when he suggested shorting it, it was a general comment for those who want to make money both ways...buy 3.90, sell 4, short 4. I have never known sf to short siri the whole time he was here.
08-12-2015, 05:08 PM
denco1

Right, not a bad move just that I didn't think he was doing it. Yes, I have seem that comment because of the $4 wall that he has referenced before with the need to get out sellers because of the grind and being there over 18 months ago type of thing.....can't stay under $4 forever though...;)
08-12-2015, 05:12 PM
dm_4

Quote:

Originally Posted by denco1

Right, not a bad move just that I didn't think he was doing it. Yes, I have seem that comment because of the $4 wall that he has referenced before with the need to get out sellers because of the grind and being there over 18 months ago type of thing.....can't stay under $4 forever though...;)

your right...not forever baby!!
08-12-2015, 05:16 PM
user34615145

Quote:

Originally Posted by denco1

Just a silly comment....didn't actually think he was. $3 calls sounds more like it to me......though a $4 short for a quick trade would have made some dough....not my style though. As soon as I get the balls to short it they'll rip my face off and i'll curl up into a ball in the corner of my office....:(.....after I puke in the can:puke:

I dunno, the $4 short would have made $$ 10 times this year so far....probably a couple more opportunities for that before it all over. I'm with you though denco, short options are not for the faint of heart. I've learned to hedge those bets when ever I make them.
08-12-2015, 05:20 PM
midas360

Reminds me of an oldie but a goodie...

https://www.youtube.com/watch?v=uFmv22ghzQw
08-12-2015, 09:58 PM
midas360

China is putting the Fed in a Tough Spot

http://money.cnn.com/2015/08/12/inve...llen430pVODtop
08-13-2015, 12:29 AM
dm_4

Quote:

Originally Posted by midas360

China is putting the Fed in a Tough Spot

http://money.cnn.com/2015/08/12/inve...llen430pVODtop

i doubt rate increase happens...man...who cares even if it does.
08-13-2015, 09:54 AM
midas360

Budget Car Rental Offers SiriusXM in Majority of Fleet

http://www.travelpulse.com/news/car-...-of-fleet.html
08-13-2015, 10:07 AM
user34615145

Quote:

Originally Posted by midas360

China is putting the Fed in a Tough Spot

http://money.cnn.com/2015/08/12/inve...llen430pVODtop

The ironic thing is that China, in a very large part, devalued/decoupled their currency vs. the U.S. Dollar exactly because of an impending rate hike by our fed. A rate hike will further strengthen the dollar against other currencies and since china had at least unofficially been pegging the value of their currency to the dollar, the Yuan was strengthening too...putting a crimp on Chinese exports at a time when their economy is cooling. When the Fed does actually raise rates -and again I don't think it matters so much if that happens in Sept or Oct or eve later, but more the PACE or trajectory of future rate hikes that matter most - whenever that happens, if they did not decouple, the Chinese currency would also further strengthen. I've read more than one article that has claimed a rate hike is already priced in but I think if those folks who ignore or write off the potential impact of the coming rate hike as already priced in the market, foolishly do so at their own risk. The Chinese are lot of things but they are no fools and they acted proactively and prudently for their own good.

A rate hike WILL happen, it's just a matter of when, and it will have and effect on pretty much everyone. If you have a credit card, car loan, private student loan, money in a savings account, stocks, bonds or are considering taking out a mortgage a rate hike will have an impact on you.
08-13-2015, 10:26 AM
midas360

This is good information. Thanks for your input. Personally, I think the fed should raise rates in September. If everyone believes it's a non-event then why not do it and get it out of the way. :)

Quote:

Originally Posted by user34615145

The ironic thing is that China, in a very large part, devalued/decoupled their currency vs. the U.S. Dollar exactly because of an impending rate hike by our fed. A rate hike will further strengthen the dollar against other currencies and since china had at least unofficially been pegging the value of their currency to the dollar, the Yuan was strengthening too...putting a crimp on Chinese exports at a time when their economy is cooling. When the Fed does actually raise rates -and again I don't think it matters so much if that happens in Sept or Oct or eve later, but more the PACE or trajectory of future rate hikes that matter most - whenever that happens, if they did not decouple, the Chinese currency would also further strengthen. I've read more than one article that has claimed a rate hike is already priced in but I think if those folks who ignore or write off the potential impact of the coming rate hike as already priced in the market, foolishly do so at their own risk. The Chinese are lot of things but they are no fools and they acted proactively and prudently for their own good.

A rate hike WILL happen, it's just a matter of when, and it will have and effect on pretty much everyone. If you have a credit card, car loan, private student loan, money in a savings account, stocks, bonds or are considering taking out a mortgage a rate hike will have an impact on you.
08-13-2015, 10:29 AM
midas360

@muscle... John Malone comparison in this article.

The Example Larry and Sergey Should Follow (It’s Not Buffet)

https://hbr.org/2015/08/the-example-...its-not-buffet
08-13-2015, 10:30 AM
midas360

@muscle... did you see this one? I missed this in my email.

Liberty Media Corp Receives Consensus Recommendation of “Buy” from Analysts (NASDAQ:LMCA)

http://Liberty Media Corp Receives C... (NASDAQ:LMCA)
08-13-2015, 10:36 AM
dm_4

A little more tid bit from SF on his options play for the non SF haters :)

"....Anyways, the reason for buying long $3's (or $2.50's or $3.50's depending on premium) and shorting against them at $4 is because you have no risk other than lost upside. You pay for the calls at a few cents premium, and it really doesn't matter where you buy the calls long as you use them. So like, I bought $3's the other day for $1.01 (remember when I posted I picked up 1500 of them), which is fine because you short against them and cover at the 100 day. You aren't really "short" just net neutral the position. When you cover at $3.90 or whatever you made 10 cents, are still long the call, and thus reduced your cost basis on the call by 10 cents...

Do that 3X and that $1 call now cost you $0.71, and if SIRI goes to $4.42, 10% on the break, you are at a double.

So anyways, UNTIL the break happens (and Q2 gave a reason, so time to aim higher on the covers) short $4 is STILL on but that stop loss becomes very very important because any break will have 1,000's of stop losses triggered and it will move VERY fast, 1%, 2%, 3%. Trust me that guy holding 80,000 Sept $4's has a stop set, and when his short $4 stops working he's going long with them and trying to find next resistance. That 8 million shares can / will move it very very fast combined with all the bells and whistles going off for those looking for a high volume break, etc.

Anyone can see the C+H ready to pop... and it's being watched and WILL bring new interest to SIRI again. They'll talk it up on CNBC and oh this and that positive and new blood will come in and more will watch it again.

But UNTIL that happens... short $4, cover 10 cents down... (again only since Q2 call)..."
08-13-2015, 10:39 AM
midas360

Lots of good stuff in the news...

Apple Music: Should Apple have bought Pandora instead of Beats?

http://www.cnet.com/news/apple-music...tead-of-beats/
08-13-2015, 10:51 AM
user34615145

Quote:

Originally Posted by midas360

Lots of good stuff in the news...

Apple Music: Should Apple have bought Pandora instead of Beats?

http://www.cnet.com/news/apple-music...tead-of-beats/

Apple could buy Greece and still have money left over. The reason they don't do something like buy Pandora is because it doesn't make sense for them. Just because they have the money to, that's not a good enough reason to just go buying everthing in sight....A lesson Steve Ballmer should have learned - but didn't. In fact, now that I think about it, I'm kinda surprised Ballmer didn't buy Pandora

I'll bet Tim Cook get tired of every other media journalist speculating on how he should spend the company stash.
08-13-2015, 10:53 AM
midas360

Another good point... don't get me started on Microsoft and Steve Ballmer. If the new CEO at MSFT is throwing good money after bad. Why the heck did they buy NOKIA?????

Quote:

Originally Posted by user34615145

Apple could buy Greece and still have money left over. The reason they don't do something like buy Pandora is because it doesn't make sense for them. Just because they have the money to, that' not a good reason to just go buying everthing in sight....A lesson Steve Ballmer should have learned - but didn't. In fact, now that I think about it, I'm kinda surprised Ballmer didn't buy Pandora
08-13-2015, 10:54 AM
Sirius_Stagnation

Quote:

Originally Posted by dm_4

A little more tid bit from SF on his options play for the non SF haters :)

"....Anyways, the reason for buying long $3's (or $2.50's or $3.50's depending on premium) and shorting against them at $4 is because you have no risk other than lost upside. You pay for the calls at a few cents premium, and it really doesn't matter where you buy the calls long as you use them. So like, I bought $3's the other day for $1.01 (remember when I posted I picked up 1500 of them), which is fine because you short against them and cover at the 100 day. You aren't really "short" just net neutral the position. When you cover at $3.90 or whatever you made 10 cents, are still long the call, and thus reduced your cost basis on the call by 10 cents...

Do that 3X and that $1 call now cost you $0.71, and if SIRI goes to $4.42, 10% on the break, you are at a double.

So anyways, UNTIL the break happens (and Q2 gave a reason, so time to aim higher on the covers) short $4 is STILL on but that stop loss becomes very very important because any break will have 1,000's of stop losses triggered and it will move VERY fast, 1%, 2%, 3%. Trust me that guy holding 80,000 Sept $4's has a stop set, and when his short $4 stops working he's going long with them and trying to find next resistance. That 8 million shares can / will move it very very fast combined with all the bells and whistles going off for those looking for a high volume break, etc.

Anyone can see the C+H ready to pop... and it's being watched and WILL bring new interest to SIRI again. They'll talk it up on CNBC and oh this and that positive and new blood will come in and more will watch it again.

But UNTIL that happens... short $4, cover 10 cents down... (again only since Q2 call)..."

DM, why did your husband leave? Also, as his puppet, how does he make your mouth move?
08-13-2015, 10:54 AM
getsirius

I thought Stephen was done with this board? As much as I would like that he were still here. DM are you trying to channel your inner Faulkner? What's this all about? Just curious.

Quote:

Originally Posted by dm_4

A little more tid bit from SF on his options play for the non SF haters :)

"....Anyways, the reason for buying long $3's (or $2.50's or $3.50's depending on premium) and shorting against them at $4 is because you have no risk other than lost upside. You pay for the calls at a few cents premium, and it really doesn't matter where you buy the calls long as you use them. So like, I bought $3's the other day for $1.01 (remember when I posted I picked up 1500 of them), which is fine because you short against them and cover at the 100 day. You aren't really "short" just net neutral the position. When you cover at $3.90 or whatever you made 10 cents, are still long the call, and thus reduced your cost basis on the call by 10 cents...

Do that 3X and that $1 call now cost you $0.71, and if SIRI goes to $4.42, 10% on the break, you are at a double.

So anyways, UNTIL the break happens (and Q2 gave a reason, so time to aim higher on the covers) short $4 is STILL on but that stop loss becomes very very important because any break will have 1,000's of stop losses triggered and it will move VERY fast, 1%, 2%, 3%. Trust me that guy holding 80,000 Sept $4's has a stop set, and when his short $4 stops working he's going long with them and trying to find next resistance. That 8 million shares can / will move it very very fast combined with all the bells and whistles going off for those looking for a high volume break, etc.

Anyone can see the C+H ready to pop... and it's being watched and WILL bring new interest to SIRI again. They'll talk it up on CNBC and oh this and that positive and new blood will come in and more will watch it again.

But UNTIL that happens... short $4, cover 10 cents down... (again only since Q2 call)..."
08-13-2015, 10:57 AM
midas360

This is too funny... what did I tell you. I told you he would be back. This is the 2nd time now.

Quote:

Originally Posted by getsirius

I thought Stephen was done with this board? As much as I would like that he were still here. DM are you trying to channel your inner Faulkner? What's this all about? Just curious.
08-13-2015, 11:01 AM
dm_4

Quote:

Originally Posted by Sirius_Stagnation

DM, why did your husband leave? Also, as his puppet, how does he make your mouth move?

Oh does it bother you? I forgot with about 9 post and your username i almost forgot you are part of camp midas. Like midas stated to someone here a few weeks back...he has more friends here than most think. Thats subjective but looks like user and you are alias of midas or are camp midas wannabees, thats ok tho...its a free board :) And why be bothered with me posting sf snippets stagnation, cough cough i mean midas?...its sirius related. There are some here who want to learn options and prob still like some some insight from SF on his thoughts on siri. If this offends anyone....please do what the weak do around here and hit that iggy button. I see no harm in it. I will continue as long as sf is willing to share info with me. :)

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